Kongsberg Gruppen

Share Issue/Capital Change • Nov 19, 2018

Kongsberg Gruppen ASA – Last day of trading in subscription rights

Kongsberg Gruppen ASA – Last day of trading in subscription rights

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the previous announcements by Kongsberg Gruppen ASA (the "Company") regarding the rights issue of 59,990,065 new shares in the Company at a subscription price of NOK 83.30 per offer share (the "Rights Issue").

The period for trading in subscription rights (ticker code "KOG T") in the Rights Issue expires today, 19 November 2018, at 16:30 hours (CET).

The subscription period for the Rights Issue will expire at 16:30 hours (CET) on 21 November 2018.

Subscription rights that are not used to subscribe for offer shares before the expiry of the subscription period (21 November 2018 at 16:30 hours (CET)) or sold before 16:30 hours (CET) on 19 November 2018 will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus for the Rights Issue dated 6 November 2018.

For further information, please contact:

Ronny Lie, VP Corporate Communication, Kongsberg Gruppen ASA,

Tel.: + 47 916 10 798.

Jan Erik Hoff, VP Investor Relations, Kongsberg Gruppen ASA, Tel.: + 47 991 11 916.

KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has 7 000 employees located in more than 25 countries and total revenues of NOK 14.5 billion in 2017. Follow us on Twitter: @kongsbergasa.

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.